National Oilwell Varco and Ameron International Corporation announced that NOV has completed its acquisition of Ameron in a merger transaction valuing Ameron at approximately USD 777 million. The merger was first announced on July 5th 2011.

Ameron stockholders, with approximately 99% of votes received voting in favor of the merger, approved the merger at a special stockholder meeting held on October 5th 2011. The merger was effective when Ameron and NOV filed a certificate of merger with the Delaware Secretary of State's office on October 5th 2011.

Pursuant to the merger, Ameron stockholders will receive USD 85 in cash for each share that they owned immediately prior to the merger. NOV acquired 100% of Ameron's outstanding stock, and consequently Ameron's stock will no longer be traded on the New York Stock Exchange.

Mr Pete Miller chairman, president & CEO of NOV said “We are pleased to welcome Ameron's employees to the National Oilwell Varco family, and believe that together we have a very bright future ahead. Ameron has a long and proud history of serving its customers well, and our combined businesses will be exceptionally well positioned to offer unmatched products and technologies to the markets we serve. We are excited about jointly tackling the many new opportunities this combination creates.”

Mr James S Marlen outgoing chairman, president & CEO of Ameron said “The merger is a sound strategy; a win win for Ameron's stockholders and NOV. My sincere thanks to all, too numerous to mention, in this successful endeavor. And, my best wishes to Ameron employees and to NOV in the future.”

Ameron is a multinational manufacturer of highly engineered products and materials for the chemical, industrial, energy, transportation and infrastructure markets. Ameron is a leading producer of fiberglass-composite pipe for transporting oil, chemicals and corrosive fluids, and specialized materials and products used in infrastructure projects, such as poles and construction materials in Hawaii. Ameron is also a leading provider of water transmission lines and fabricated steel products, such as wind towers.

NOV is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.